每经AI快讯，1月8日，郑商所发文称，经研究决定，现将动力煤期货2701合约有关事项公告如下： 一、交易保证金标准和涨跌停板幅度 交易保证金标准为50%，涨跌停板幅度为10%。按规则规定执行的交易保证金标准和涨跌停板幅度高于 上述标准的，仍按相关规定执行。 二、交易限额 非期货公司会员或者客户单日开仓交易的最大数量为20手。单日开仓交易数量是指非期货公司会员或者 客户当日在单个期货合约上的买开仓数量与卖开仓数量之和。实际控制关系账户组单日开仓交易的最大 数量按照单个客户执行。套期保值交易和做市交易的开仓数量不受交易限额限制。 对于第一次超过交易限额的非期货公司会员或者客户，郑州商品交易所将采取暂停开仓不低于5个交易 日的监管措施，累计两次超过交易限额的，将采取暂停开仓不低于1个月的监管措施。情节严重的，按 照《郑州商品交易所违规处理办法》有关规定处理。 ...

人民财讯1月8日电，郑商所公告，动力煤期货2701合约交易保证金标准为50%，涨跌停板幅度为10%。 非期货公司会员或者客户单日开仓交易的最大数量为20手。单日开仓交易数量是指非期货公司会员或者 客户当日在单个期货合约上的买开仓数量与卖开仓数量之和。实际控制关系账户组单日开仓交易的最大 数量按照单个客户执行。套期保值交易和做市交易的开仓数量不受交易限额限制。 ...

每经AI快讯，1月8日，郑商所：动力煤期货2701合约交易保证金标准为50%，涨跌停板幅度为10%；非 期货公司会员或者客户单日开仓交易的最大数量为20手。 ...

1月7日晚间，黄金、白银集体下跌。 截至7日晚22时12分，现货白银跌超5%，失守77美元关口；现货黄金跌超1%，报4448.96美元/盎司。 金属品种波动较大，上期所连发多条公告 1月7日晚间，上海期货交易所接连发布多条公告。 上交所提示，近期国际形势复杂多变，金属品种波动较大，请各有关单位采取相应措施，提示投资者做好风险防范工作，理性投资，共同维护市场平稳运 行。 上交所同时发布关于调整白银期货合约交易限额的通知，通知中称，根据《上海期货交易所风险控制管理办法》的有关规定，经研究决定，自2026年1月9 日(即1月8日夜盘)交易起，非期货公司会员、境外特殊非经纪参与者、客户在白银期货各合约的日内开仓交易的最大数量为7000手。实际控制关系账户组 日内开仓交易的最大数量按照单个客户执行。套期保值交易和做市交易的开仓数量不受此限制。 上期所还调整了白银期货相关合约交易保证金比例和涨跌停板幅度。根据通知，自2026年1月9日(星期五)收盘结算时起，交易保证金比例和涨跌停板幅度 调整如下：白银期货AG2601、AG2602、AG2603、AG2604合约的涨跌停板幅度调整为16%，套保持仓交易保证金比例调整为17 ...

新能源及有色金属日报 | 2025-12-26 交易规则调整，碳酸锂价格宽幅震荡 市场分析 2025-12-25，碳酸锂主力合约2605开于118740元/吨，收于123520元/吨，当日收盘价较昨日结算价变化0.44%。当日 成交量为924823手，持仓量为607187手，前一交易日持仓量647366手，根据SMM现货报价，目前基差为-16560元/ 吨（电碳均价-期货）。当日碳酸锂仓单17101手，较上个交易日变化0手。2025年12月26日起，广期所调整碳酸锂期 货12个合约的交易规则，包括最小开仓下单数量及单日开仓限额，以应对近期价格剧烈波动。 碳酸锂现货：根据SMM数据，电池级碳酸锂报价97800-112000元/吨，较前一交易日变化3400元/吨，工业级碳酸锂 报价97500-107000元/吨，较前一交易日变化3400元/吨。6%锂精矿价格1450美元/吨，较前一日变化0美元/吨。SMM 方面消息显示，从市场实际成交来看，上游大部分锂盐厂以保长协为主，散单成交较少；下游材料厂对当前高价 普遍持谨慎观望态度，采购仍以刚需及长协客供加量为主，并结合下月排产情况来调整采货节奏；碳酸锂现货市 场整体成交 ...

自2025年12月26日交易时起，碳酸锂期货LC2601、LC2602、LC2603、LC2604、LC2605、LC2606、 LC2607、LC2608、LC2609、LC2610、LC2611、LC2612合约的交易指令每次最小下单数量中的每次最 小开仓下单数量由1手调整为5手、每次最小平仓下单数量维持1手。 人民财讯12月24日电，广州期货交易所发布通知，根据《广州期货交易所交易管理办法》《广州期货交 易所风险管理办法》，经研究决定，对碳酸锂期货相关合约的交易指令每次最小开仓下单数量、交易限 额作如下调整： 交易所将根据市场情况对交易限额进行调整。 自2025年12月26日交易时起，非期货公司会员或者客户在碳酸锂期货LC2601、LC2602、LC2603、 LC2604、LC2605合约上单日开仓量分别不得超过400手，在碳酸锂期货LC2606、LC2607、LC2608、 LC2609、LC2610、LC2611、LC2612合约上单日开仓量分别不得超过800手。该单日开仓量是指非期货 公司会员或者客户当日在单个合约上的买开仓数量与卖开仓数量之和。套期保值交易、做市交易的单日 开仓数量不受上述标准 ...

近期影响市场运行的不确定性因素较多，相关品种价格波动较大。请各会员单位做好市场风险防范工 作，切实加强投资者教育，提醒投资者理性合规参与交易，维护市场平稳运行。 广期所12月23日公告，经研究决定，对铂、钯、碳酸锂期货相关合约的交易手续费标准、涨跌停板幅度 和交易保证金标准作如下调整： 自2025年12月25日交易时起，铂期货PT2606合约、钯期货PD2606合约的交易手续费标准调整为成交金 额的万分之二点五，日内平今仓交易手续费标准调整为成交金额的万分之二点五；碳酸锂期货LC2605 合约的交易手续费标准调整为成交金额的万分之三点二，日内平今仓交易手续费标准调整为成交金额的 万分之三点二。 自2025年12月25日结算时起，铂、钯期货合约涨跌停板幅度调整为10%，交易保证金标准调整为12%。 如遇上述涨跌停板幅度、交易保证金标准与现行执行的涨跌停板幅度、交易保证金标准不同时，则按两 者中幅度大、标准高的执行。 ...

Core Viewpoint - The recent changes in trading rules for the polysilicon 2601 contract have led to a decline in trading activity, with a drop of over 3% observed on December 2nd, indicating a cooling market environment [2][6]. Trading Rules and Market Activity - The Guangxi Futures Exchange has adjusted the trading margin and limits for the polysilicon 2601 contract, restricting non-member futures companies or clients to a maximum of 500 contracts for opening positions per day, effective from December 3rd [2][6]. - The trading heat for near-month polysilicon contracts has decreased, resulting in a wide-ranging fluctuation in the market [2][6]. Price Trends and Market Dynamics - The price of N-type polysilicon feedstock has risen to 52,350 yuan per ton, with the minimum delivery grade also at 52,350 yuan per ton [2][6]. - The completion of centralized photovoltaic projects and a simultaneous decline in overseas demand have led to a significant reduction in large-scale orders on the component side, exacerbating negative feedback effects within the supply chain [2][6]. - Polysilicon manufacturers continue to maintain strong pricing strategies, and despite the market's near-month position squeeze and positive spread operations, spot prices have not decreased but rather increased [2][6]. - Manufacturers are persisting with production cuts and inventory reductions without lowering prices, leading to a market characterized by price-volume separation and a situation where there are prices but limited market activity [2][6]. - With the exchange's rule changes, the risk of near-month position squeezing has decreased, prompting attention to future changes in open interest [2][6].

Group 1 - The Shanghai Futures Exchange has adjusted the margin ratio and price fluctuation limits for casting aluminum alloy futures contracts, effective from the settlement at the close on August 28, 2025 [1] - The price fluctuation limit for casting aluminum alloy futures contracts has been set to 5% [1] - The margin ratio for holding positions has been adjusted to 6%, while the general holding margin ratio has been set to 7% [1]

Core Viewpoint - The Dalian Commodity Exchange has adjusted the trading rules for coking coal futures, impacting market dynamics due to various factors affecting the dual coking coal market [1] Group 1: Trading Rule Adjustments - The Dalian Commodity Exchange has set a daily opening position limit of 1,000 lots for the JM2601 coking coal contract starting from August 15, 2025 [1] - From August 18, the speculative intraday trading fee rate will increase to 0.02% of the transaction amount [1] Group 2: Supply and Demand Dynamics - A recent production restriction plan in Shandong will limit output by 30% from August 16 to 25 and by 50% from August 26 to September 3, affecting approximately 41,000 tons of coking coal production [1] - The current operating rate of the affected coking enterprises is at 90% [1] - Domestic supply of coking coal has limited growth potential, with a rebound in the volume of coal crossing from Mongolia and a slowdown in upstream inventory depletion [1] Group 3: Market Sentiment and Price Movements - The overall production of coking coal remains stable, while iron water production is maintained at a high level, indicating resilient demand [1] - The sixth round of price increases for coking coal has been implemented, leading to a significant improvement in coking enterprise profits [1] - Recent trading activity has shown a surge in speculative sentiment, with a notable increase in transaction volume over the past two weeks, leading to a cooling of market speculation following the position limits [1] Group 4: Inventory and Price Elasticity - The pace of downstream replenishment for coking coal has slowed, with inventory depletion rates decreasing, and the overall inventory remains lower than the same period last year [1] - The price of coking coal shows upward elasticity due to reduced upstream inventory pressure [1] - The acceptance of price increases by steel enterprises has slowed, intensifying the competition between steel and coking enterprises [1]